A Week of Action in the Crypto Market
Welcome to our exciting weekly recap in the dynamic world of cryptocurrencies! On Monday, January 20, 2025, at 9:00:05 AM EST (3:00:05 PM CET), we will analyze the prices of the top 10 cryptocurrencies according to Coin Market Cap and anticipate how the market could evolve throughout the week. On Friday, January 24, 2025, at 6:00:02 PM EST (12:00:02 PM CET), we will compare these prices with the closing values to identify market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $106,797.89 | -1.00% | $105,735.12 |
| ETH | $3,299.29 | 2.25% | $3,373.47 |
| XRP | $3.25 | -3.46% | $3.14 |
| SOL | $253.82 | 3.22% | $262.00 |
| BNB | $689.57 | -0.80% | $684.02 |
| DOGE | $0.37 | -3.30% | $0.36 |
| ADA | $1.05 | -5.79% | $0.99 |
| AVAX | $37.25 | -2.36% | $36.37 |
| TON | $5.02 | 2.87% | $5.16 |
Trump-Backed Crypto Project Acquires $48M in ETH Amid Market Shifts
World Liberty Financial, backed by Donald Trump, purchased 14,403 ETH worth $48M on Jan. 19 as Ether gained strength against Bitcoin. With total holdings now exceeding 33,630 ETH ($107M), the project showcases its growing confidence in Ethereum.
Trump & Melania Memecoins Drive First-Time Crypto Investors
Trump’s TRUMP and Melania’s MELANIA memecoins are bringing new investors into the crypto space, according to a recent survey. Launched in January 2023, TRUMP peaked at $72.62, while Melania followed with her own token. The survey found that 14% of respondents purchased TRUMP, and 42% of those were first-time crypto buyers, showing that these political tokens are helping boost adoption. However, concerns remain about their long-term impact on the market.
Coinbase Fixes Solana Delays, Promises Top-Tier Support
Coinbase has resolved Solana transaction delays, with CEO Brian Armstrong confirming smooth processing and retry options for canceled transactions. He announced plans to upgrade Coinbase’s infrastructure to better support Solana’s DEX and memecoin activity, aiming for the same priority support as Bitcoin, Ethereum, and Base.
Trump Reaffirms Commitment to Make US ‘World Capital of Crypto’ at Davos
In a Jan. 23 speech at the World Economic Forum, President Donald Trump pledged to make the US the global leader in crypto and AI. He also promised to reduce costs across goods and services, boosting both industries. This marks Trump’s first direct crypto mention since taking office, aside from his brief reference to the TRUMP memecoin token.
Solana Hits $10B Stablecoin Milestone — Can SOL Reach $1K?
Solana’s stablecoin supply has hit a record $10B, driven by a surge in demand from Trump family memecoins and broader market hype. With TVL up 800% and nearly 9 million new addresses created ahead of Trump’s inauguration, Solana is seeing massive growth. As the SOL price recently touched $294, many analysts are speculating that the coin could reach $1,000 this cycle, fueled by ongoing momentum and the growing Solana ecosystem.
Sources
https://cointelegraph.com/news/trump-world-liberty-ethereum-buys-eth-strengthens-bitcoin
https://cointelegraph.com/news/trump-melania-memecoin-survey-crypto-adoption
https://cryptoslate.com/coinbase-resolves-solana-transaction-delays-pledges-tier-1-support/
https://cryptoslate.com/trump-reaffirms-commitment-to-make-us-the-world-capital-of-crypto-at-davos/
https://cointelegraph.com/news/solana-stablecoin-supply-10b-ath-tvl-sol-price-1k
